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<p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/287470-boc-governor-poloz-press-conference-live-stream/">BoC Governor Poloz press conference live stream</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</

<p>US commercial crude oil inventories rose 19.2 million barrels in the week ending April 10, above expectation of 12.1 million. At 503.6 million barrels, oil inventories are about 6% above the five year average for this time of year. WTI crude oil weakens mildly this week and is now trading below 26 handle. The break […]

<p>BoC left overnight rate target unchanged at 0.25% as widely expected. It noted that this is the “effective lower bound” of the overnight rate already. BoC will continue to purchase at least CAD 5B in government securities per week in the secondary market. It’s also temporarily increasing the amount of treasury bills acqui

<p>US Empire State Manufacturing index dropped to -78.2 in April, down from -21.5. It’s the lowest level in the history of the survey “by a wide margin”. New orders and shipments declined at a record pace. Delivery times lengthened, and inventories fell. Employment levels and the average workweek both contracted at a record

<p>US retail sales dropped -8.7% mom in March to USD 483.1B. Ex-auto sales dropped -4.5% mom. Ex-gasoline sales dropped -8.0% mom. Ex-auto and gasoline sales dropped -3.1% mom. Full release here.</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/287419-us-retail-sales-dropped-8-7-e

<p>San Francisco Fed President Mary Daly told WSJ that “I don’t expect a sharp V-shaped recovery” in the US economy after the coronavirus pandemic. Instead, she said “I expect something more like negative quarters of growth throughout 2020, and then a gradual return to positive growth in 2021.” Daly remains ̶

<p>European Commission President Ursula von der Leyen urged members stage to take a “gradual approach” in exiting the coronavirus lockdown. And “every action should be continuously monitored”. Also, she laid down three main pre-conditions for the exit: 1. Significant decrease in the spread of the coronavirus 2. Suffici

<p>Dollar is striking back today as market turns into risk averse mode, in particular after poor US economic data. Mild weakness in oil price is also weighing down on sentiments. For now, the greenback is the strongest one, followed by Yen and Swiss Franc. Australian Dollar is leading commodity currencies lower. Technically, as noted earlier,

<p>The euro is continuing to struggle to break above the 1.0980 resistance level against the US dollar as the greenback starts to attract buying interest. The EURUSD pair may be consolidating ahead of the release of important monthly US retail sales data later today. A heavily negative number could cause the EURUSD pair to break […]

<p>The British pound has started to retrace lower against the US dollar after finding strong technical resistance from just below the 1.2650 level. GBPUSD bulls may be looking to buy the recent price retracement around the 1.2540 to 1.2500 support level. At this stage, short-term GBPUSD traders are only likely to turn bearish towards the [&he